Billionaire investor Leon Cooperman believes that the rising inflation rate will force the Federal Reserve to raise interest rates next year.
Cooperman, 78, said the market will be surprised by the Fed’s rate hike sometime in 2022, adding that the bond market, not the stock market, is currently in a bubble.
His family money room, Omega Advisors, a former hedge fund firm that he stopped managing client cash and transformed into a family money room as of 2018, previously returned an annualized 12.4%. He returned investors’ money at that time at a record high.
Recent Comments